Saavy Naturals Update | Shark Tank Season 7
Hugo and Debra Saavedra were chefs who discovered that their natural products could also be great for your skin. After all, what you put on your skin matters! These chefs use herbs, edible flowers, and other food-grade ingredients to make their soaps and lotions all natural and vegan (as well as edible). What did the sharks think about these products when Hugo and Debra brought them to
Shark Tank Saavy Naturals Update
- Entrepreneurs: Hugo Saavedra and Debra Saavedra
- Business: Natural, vegan, edible soaps and lotions
- Ask: $200,000 for 10% equity
- Result: $200,000 for 40% equity, plus all purchase orders funded
- Shark: Barbara Corcoran
Hugo and Debra’s at-home segment explores how the couple cooked together and created the natural soaps and lotions in their line of Saavy Naturals products. Back at the tank, Debra ate some of their soap, demonstrating that it was completely edible and safe.
Lavender Chamomile Body Cream: This moisturizing body butter is thick and creamy without leaving the skin feeling greasy and absorbs deeply into the skin for up to 24 hours; Perfect for dry, chapped and sensitive skin types.
Barbara tried it after the samples were passed out. She noted that it tasted like perfume and sugar. Overall, the sharks seemed to like the product. They liked the numbers even more. Saavy Naturals had $750,000 in sales in the last year, all being retail with nothing being sold online. Margins were between 30% and 40%, so they were making a healthy profit.
However, Kevin O’Leary didn’t like the valuation. He thought they might be worth about $400,000. Mark Cuban, on the other hand, had a competing company. He dropped out as a result.
On the other hand, Lori Greiner thought the soap space was too competitive and went out. Barbara Corcoran seems interested and asked if they’d be interested in changing the name. Hugo and Debra said they would listen to any advice she had.
Robert Herjavec offered $200,000 for 45% equity. With Robert’s offer now on the table, Barbara came back in, offering $200,000 for 40%, and said she would fund all future purchase orders. Hugo and Debra accepted Barbara’s offer without hesitation. Let’s find out where they are today in our Saavy Naturals update.
If you want to purchase some of Savvy Natural’s products, you’re in luck! During research for our Saavy Naturals update, we discovered that the deal with Barbara never closed. However, the company really made a name for itself because of the quality of its products. In 2021, Saavy Naturals was acquired by another brand, but the amount of the sale was not disclosed.
Today, you can find Saavy Naturals products in their retail store in Pacific City, California. You can also purchase products online at the Saavy Naturals website.
But what about the other products featured in Season 7 Episode 7? You can find our company updates here:
For more on companies and products, stop by our Season 7 products page.
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!